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Spot sells after hours, and it didn't kick off right away. It actually took a looong time for the first trade to show. The ask started at $0.738 (if I remember right) and the bid was $0.71 - 38. So, I figured I'd put a limit in at $0.71 and probably get it...and I did. I'm out of money to put in this stock for now. All other cash will be diverted to more solid investments upon a reversal...which I hope I can recognize. I hear you on the preferred shares, but I'm in deep (for me) with the commons here. So, this is where it stops for me - for now. Next week will probably be flat or more downside. If not, I'd like to trade some good swings to catch back up and get an even better average. I still think we get a good run here, but the uncertainty continues to muddy the view as to when.
My hopes as well. My last was at $0.71. It puts me just below a dollar. GLTA
As much as it's a shame, it's even more unbelievable. It really makes me worry how far it will fall - further adding to the likelihood of a R/S. This last purchase of mine was the last for a while. Everything else sits on the sidelines waiting for a reversal, and a that point, it will probably go into different stocks. I'll let this one ride.
It'll definitely go lower, now. I averaged down in after hours. Lol
A little uptick before the close
It's been ramping up for a while now.
The correction is in full swing
I think we should remain calm through this. I don't know about hitting $0.50...definitely don't see $0.00 happening. That would be a nightmare scenario. I agree with fourdeuces and think the majority of Greeks want to be part of the EU. This is another play in a long, drawn out game of chess. Germany wants to rape Greece. Greece wants protection from pillaging. The rest of the EU wants stability. It's a bird's nest sort of a mess, and it's not easy to sort it out. For us, it's frustrating and potentially costly, but I think if we stay the course, we will be rewarded. The question on my mind, because there is an acute risk here, do I stick with what I have, or average down. Today's action will help me to determine my next move. The entire market is going on sale now. I may not put any more eggs in this basket.
I wonder how long until we see $0.90 again. Something tells me it'll be a while.
I think we're headed to the $0.60s - $0.70s bracket
Big correction coming, IMO. Buy more while it's down if you can. It'll run again.
Fourdueces, good insight here. I've been teetering back and forthwith this all day. I agree with your analysis, but it sure is hard to sit here while holding a position and watch it happen. I retracted my order for $0.75. I think it'll go lower before going higher...hope to catch the bottom to maximize my average.
I'm no good at extrapolating trend data from options offers. All I can say is...who knows. I don't think any of us thought we would be here at this point in the game. Be careful. Don't play what you cannot lose. This has turned in to the gambling house. At some point, it should become a solid opportunity. I wish I knew when. It may be at the end of October, end of this year, or five years from now.
I agree with most of that. The market was due to turn, and it's been doing it all year. The bulls are done and bears are climbing in the driver's seat. This has been a propped up market for quite some time with the QE that has taken place. It couldn't last forever. The real state of the American economy is beginning to show itself. However, I do believe these side situations are helping the correction to move along faster - everything working symbiotically. I also believe that the smart money has been stacking up on the side to load at the bottom. I know I have.
More to come as oil continues to drop into fall
What makes you believe this is going to $0.50? I think, in light of the lousy job the Greeks are doing, this held on very well today. It's one thing after another, and who knows when or how it will actually end. This is a very risky play, and I'm stuck in the middle of it at $1.02. I don't think you can determine anything, right now. At some point, people will cut their losses, and some will keep adding and hanging on. It'll be some time before we know who made the best decision. Roll the dice or stay on the sidelines. That's about the only two choices here.
That's a big bite. I'd wait until morning for the confidence. I'm only adding 1,335 shares to my position to put me at 10,250...not much to worry about for me...just averaging down.
Translates to short term buying opportunities for greater long term gain.
Should be able to pick it up in AH
Just read it on Fox. I wonder what's next?
Two sides to the coin. Once again, the water is muddied and we wait anxiously for the view to become more clear. I'm not calling heads or tails on this one. I'm no longer sure I want to add to my position, however. I just cancelled my latest order.
More support for snap elections...
http://www.macropolis.gr/?i=portal.en.the-agora.2844
Maybe he's working for the real bosses
Why creditors want snap elections
http://rapidis.blogactiv.eu/2015/08/11/trapped-again-why-creditors-want-snap-elections-in-greece/
Good luck
What a friggin clown. He tried his crap in the beginning and got Greece in deeper than what they should've been. Now, what does he think he's going to accomplish here?? Don't bite the hand that feeds you.
I expected a drop to the $0.60s on that news, but this thing doesn't run with the masses. So, I'm at a loss. It should've dropped on the news of the snap elections in four weeks. We're still holding $0.77. Why isn't this down more?
I'm sitting here mulling over whether or not to pull my $0.75 limit order to try for even better.
That's the ticket. Play your hand right. There's going to be a boatload to be made.
I think we're looking at the end of a very long bull market here. The bears are taking over for a while. Buying opportunities abound!
They obviously need to go, but what's the angle here - at this moment in time when everything is so vulnerable/fragile?
Something up his sleeve, or just being a d!ck? I will say this...it isn't fair at all to the citizens of Greece. Revolt coming?
It wouldn't be good in the short term, but if we really believe that NBG will stand on its own two feet soon, and this is the right place to have our money parked, then more drama is what we need...cheaper buying opportunities before it all comes together. On the flip-side, we also need to see it close at $1 soon.
Thanks...you too
Lol! That's it.
Nice average at $0.79
I'm working on $0.98 if I get this pick. It'll be a while before I break even.
Palm to forehead
I may get that $0.75 pick after all. Come to daddy!
Note to self if my wife ever leaves me: do not marry a Greek woman...seems there's way too much drama in that culture
I expect to get in under $0.75 today. It doesn't look my pre-market order will fill. Either way, it averages my position down to under $1.00.
No crap? You're quite the digger, lol. Thanks, fourdeuces.